Consequential damages are unforeseeable damages

Parametric tests provide inferences for making statements about the means of parent populations

Indicate whether the statement is true or false

Assume that a firm's earnings per share (EPS) are expected to be $1.35 next year and that analysts have determined that an appropriate forward-looking multiple is 20 times the projected earnings. What should the stock price be?

A) $11.35 B) $20.00 C) $27.00 D) $28.75